UMC files 6-K clarifying rumored Intel 12nm/3nm collaboration and announcing Novatek securities disposal
UMC filed a Form 6-K with two exhibits. Exhibit 99.1 states the company does not comment on speculative reports or market rumors following an Economic Daily News article claiming UMC is collaborating with Intel on 12nm and 3nm process technologies. Exhibit 99.2 discloses the disposal of 3,500,832 common shares of Novatek Microelectronics Corporation at an average unit price of NT$479.8 for a total of NT$1,679,699,193, executed as Shares Conversion of zero coupon exchangeable bonds due 2026. The filing does not c...
Key takeaways
Intel collaboration rumor denial: UMC declined to confirm or deny an Economic Daily News report on 12nm and 3nm process technology collaboration with Intel, stating it does not comment on speculative reports or market rumors.
Novatek securities disposal: UMC disposed of 3,500,832 Novatek common shares at an average NT$479.8 per share, totaling NT$1,679,699,193, with the transaction linked to conversion of zero coupon exchangeable bonds due 2026.
Retained earnings impact: The disposal generated NT$1,396,704,971 in retained earnings impact with no impact to net income.
Cumulative Novatek position: After the transaction, UMC holds 8,873,025 Novatek shares, equal to 1.46% of holdings, valued at NT$4,211,232,554, with no restrictions on rights.
No earnings, revenue, or forward guidance disclosed in the filing.
No analyst call, webcast, or conference date announced in this filing.
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